Motorola Solutions, Inc. $MSI Stake Raised by Voya Investment Management LLC

Voya Investment Management LLC raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 116.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 841,463 shares of the communications equipment provider’s stock after acquiring an additional 452,822 shares during the quarter. Voya Investment Management LLC owned approximately 0.51% of Motorola Solutions worth $384,793,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MSI. Signature Resources Capital Management LLC acquired a new stake in shares of Motorola Solutions during the second quarter worth approximately $25,000. Saudi Central Bank acquired a new stake in shares of Motorola Solutions during the 1st quarter valued at $29,000. Whipplewood Advisors LLC grew its holdings in shares of Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 55 shares in the last quarter. Rossby Financial LCC grew its holdings in shares of Motorola Solutions by 148.6% during the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 52 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Motorola Solutions in the second quarter worth $39,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.3%

Shares of MSI stock opened at $373.47 on Friday. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The company has a market cap of $62.20 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.99 and a beta of 0.99. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. The business’s 50 day moving average is $397.46 and its two-hundred day moving average is $427.00.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a net margin of 18.71% and a return on equity of 118.48%. Motorola Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.74 earnings per share. Equities analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a $1.21 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 annualized dividend and a yield of 1.3%. Motorola Solutions’s payout ratio is currently 38.84%.

Wall Street Analyst Weigh In

MSI has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Motorola Solutions in a research note on Monday. Evercore ISI lifted their price target on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Barclays lowered their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Piper Sandler reaffirmed a “neutral” rating and set a $465.00 price objective (down previously from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Finally, Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $495.00.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.